Donald Trump’s net worth jumps! Company listing boosts former US President’s personal fortune

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New Delhi: Former US President Donald J Trump has emerged as one of the top 500 richest people in the world after his social media company, Trump Media and Technology Group, completed a merger process and listed on the Nasdaq stock exchange on Tuesday. Trump’s net worth also received a boost after a US appeals court lowered the value of a bond to $175 million from $500 million earlier. Trump was directed to post the bond as part of a New York fraud lawsuit.

Donald Trump net worth

Donald Trump’s net worth jumped $ 4 billion to $6.5 billion, according to the Bloomberg Billionaires Index. Trump is eyeing a return to the White House with most Republican rivals having bowed out of the contest to pave the way for his nomination as the political party’s presidential nominee.

Trump’s actual cash in hand has varied from time to time. While a social media post on his social media platform Truth Social stated that Trump had $500 million cash in hand, a 2023 deposition pegged the sum at $400 million.

In 2021, a financial statement from Trump showed he had $293.8 million worth of liquidity. In 2022, Trump reported revenues worth $537 million from golf courses and hotels owned by his company. Another $30.4 million was earned by way of licensing activities and royalties earned.

Donald Trump properties owned

Donald Trump owns an array of properties which are mostly commercial in nature. Overall, Trump owned properties worth $4.3 billion as of 2021. Some of the iconic addresses include:

40, Wall Street, An office building in New York
Trump Tower, Manhattan
Mar-a-Lago resort, Florida

What is Truth Social?

Truth Social is a social media platform founded by Donald Trump’s company Trump Media & Technology Group.
The platform was founded in the aftermath of a social media ban on the former US President in a bid to reach out to his dedicated voter and fan base.

Trump Media and Tech was acquired by Digital World Acquisition, whose ticker has now been replaced by Trump Media on the Nasdaq stock exchange. The stock is listed at a price of $50 per share taking the total market cap to $6.8 million. Trump Media reported $49 million in losses last year until first 9 months, with revenues earned worth $3.4 million.

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